Friday, 20 April 2012

MMC-Gamuda JV secures RM8.28 billion MRT job

KUALA LUMPUR (April 20): The MMC Corp Bhd-GAMUDA BHD [] joint venture (JV) has accepted the RM8.28 billion Klang Valley Mass Rapid Transit's (MRT) underground works package.

In separate statements to the exchange on Friday, MMC and Gamuda said their equally-owned JV entity MMC Gamuda KVMRT (T) Sdn Bhd had secured the contract from Mass Rapid Transit Corp Sdn Bhd (MRT Corp) on Thursday.

"The underground works package comprises the design and CONSTRUCTION [] of tunnels, seven underground stations and other associated works in connection therewith for an approximate length of 9.5km traversing from Semantan north portal to Maluri south portal.

"The articles of agreement between MRT Corp and the JV shall be executed in due course," MMC and Gamuda said.

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